Bajaj Auto declines after weak Q4 numbers

Bajaj Auto fell 1.69% to Rs 2006 at 13:24 IST on BSE after net profit fell 0.26% to Rs 764 crore on 2.55% increase in turnover to Rs 5117 crore in Q4 March 2014 over Q4 March 2013.

The result was announced during trading hours today, 15 May 2014.

Meanwhile, the BSE Sensex was up 31.81 points, or 0.13%, to 23,846.93.

On BSE, so far 31,000 shares were traded in the counter, compared with an average volume of 19,212 shares in the past one quarter.

The stock hit a high of Rs 2,058.70 and a low of Rs 1,986.50 so far during the day. The stock hit a 52-week high of Rs 2,193.85 on 17 October 2013. The stock hit a 52-week low of Rs 1,683.35 on 28 August 2013.

The stock had underperformed the market over the past one month till 14 May 2014, rising 1.81% compared with 5.24% rise in the Sensex. The scrip had also underperformed the market in past one quarter, rising 10.91% as against Sensex's 16.93% rise.

The large-cap company has an equity capital of Rs 289.37 crore. Face value per share is Rs 10.

Bajaj Auto is India's second largest two-wheeler maker after Hero MotoCorp.

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